Day: October 16, 2025

Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened

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In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with a “T” — earlier today after adding six extra zeros to the intended transaction. The blunder was swiftly corrected as Paxos burned the excess tokens and reissued the correct amount of 300 million PYUSD, but not before the crypto community noticed the jaw-dropping figure. Related Reading To put the scale of the mistake into perspective, 300 trillion PYUSD would have exceeded the entire US money supply (M2) —…

🚨Bitcoin : Nouveau Record Historique puis Rejet ! Que Signifie cette Rejection au Sommet ?

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Ripple Continues 2025 Expansion, Buys GTreasury for $1 Billion

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Ripple acquired corporate treasury management company GTreasury for $1 billion, as part of a business acquisition strategy to expand its operations. The deal gives Ripple infrastructure to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits, which can be used to generate yield for clients, according to a Thursday announcement.  GTreasury’s corporate treasury management tools, alongside Ripple’s suite of blockchain rails, allows the funds to be accessed 24/7 and sent with near-instant settlement in cross-border transactions. Brad Garlinghouse, CEO of Ripple, said: “For too long, money has…

Bitcoin Tanks and Stocks Stumble as China Accuses US of Spreading ‘Misunderstanding and Panic’

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The leading cryptocurrency’s price fell below $108K on Thursday afternoon as friction between the world’s two largest economies intensified. Bitcoin Tanks, Stocks Bleed, After China Wags Finger at US Just a day after U.S. Treasury Secretary Scott Bessent declared “This is China versus the world,” in response to Beijing’s expansion of its rare earths export […] Original

Crypto stocks plummet as Bitcoin price falls under $110k

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Crypto stocks face renewed pressure on October 16, 2025 amid a fresh pullback for Bitcoin, with the benchmark digital asset’s price slipping below $110,000 on Thursday. Summary Crypto stocks, including MARA, Riot Platforms and Strategy, fell as Bitcoin price retreated under $110,000. BTC fell to below $108,000 while major crypto stocks slipped 10-14%. Macro factors, including trade tensions and government shutdown, put pressure on crypto related public companies. The downturn for crypto stocks, which had MARA, Bitfarms and Riot among top losers, came amid a dip for stocks. After opening…

Robinhood US Lists CZ-backed ASTER and Tether’s Plasma (XPL) for Trading

Key Notes CZ-backed dex ASTER reached $3.9B market cap within 30 days, gaining Robinhood listing alongside Coinbase’s BNB roadmap addition. Tether’s Plasma attracts $6B in TVL by tokenizing US Treasuries backing the stablecoin giant’s $180B supply for institutional settlement. Robinhood stock falls 12% over five days, mirroring crypto market weakness following last week’s record $19B liquidation event. Leading digital assets trading platform, Robinhood US, has officially listed Binance’s ASTER, Tether’s Plasma (XPL), and Virtuals Protocol (Virtuals) for trading on October 16. The move expands Robinhood’s trading offerings to newly emerged…

Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

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The Bitcoin price continues to face challenges as the cryptocurrency has resumed its downtrend, struggling to maintain momentum above the $115,000 mark. This price point has proven to be a significant resistance level in the short term.  Amid these fluctuations, Bitcoin skeptic Peter Schiff took to social media platform X (formerly Twitter) to declare, “Gold is eating Bitcoin’s lunch.”  Schiff Calls For HODLers To Sell ‘Fool’s Gold In his post, Schiff highlighted that Bitcoin has experienced a 32% decline when priced in gold since its peak in August, predicting a…

Bitmine Exec And Crypto Founder Agree That Ethereum Price Is Headed For $10,000, Here’s Why

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In a recent discussion on the Bankless YouTube podcast hosted by David Hoffman, two of the crypto industry’s most respected figures—Tom Lee, the Chairman of BitMine, and Arthur Hayes, founder and former CEO of BitMEX—shared remarkably bullish outlooks for the Ethereum price. Both executives forecasted that Ethereum could soar to $10,000 or higher by year’s end, driven by fundamental growth and shifting market dynamics. Their comments, made after BTC reached new all-time highs above $126,000, have added fresh momentum and optimism that the upcoming Q4 bull rally could center on…

This Has to Stop in Crypto😔

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